VANCOUVER, March 1, 2016 /CNW/ - Great Pacific Capital Corp. ("GPCC") announced today that it has acquired an additional 21,100 Common shares of Canfor Corporation ("Canfor"), representing approximately 0.02% of the outstanding shares, through purchases on recognized Canadian Stock Exchanges. This brings the total holdings of GPCC to 32,282,950 Common shares of Canfor, representing approximately 24.31% of the outstanding shares. GPCC together with Great Pacific Industries Inc. and 4123221 Canada Inc., two other companies owned by Jim Pattison, own in the aggregate 58,726,100 Common shares of Canfor, representing approximately 44.22% of the outstanding shares.
The shares of Canfor have been purchased and are presently being held for investment purposes. In the future, Jim Pattison through one or more of his companies may acquire additional shares of Canfor or dispose of such shares subject to a number of factors, including general market and economic conditions and other investment and business opportunities available to it.
SOURCE Great Pacific Capital Corp.
For further information: Nick Desmarais, (604) 688-6764